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Infosys Technologies, India`s second-largest software maker, plans to bid for Paris-based European consulting company Capgemini, a newspaper reported, citing unnamed industry sources. The Bangalore-based company will use cash reserves amounting to 62 billion rupees (1.5 billion dollars) to fund the bid, the newspaper said in a front-page report. Infoysys officials were not immediately available to comment on the report. The Times of India said an Infosys spokesperson declined to comment. […] The $4.3 billion Indian IT services provider, Tata Consulting Service (TCS), is close to acquiring two IT firms in Latin America. The estimated value of these two firms is around Rs 200 crore. TCS, with a considerable presence in Latin America, has completed due diligence of the targeted companies. Sources close to the development said that TCS was looking at one business process outsourcing (BPO) company and an IT services company. […] CNBC-TV18 has learnt that domestic electric equipment maker RTS Power is likely to sell 14.5% stake to a strategic partner. A couple of leading power equipment companies are in the race to acquire stake, sources said. The company may issue preferential shares to strategic investors. Companies like Kalpataru Power and ABB are the likely contenders. It was also in talks with L&T at some point of time. RTS Power was looking for a strategic partner to bring in a lot of business. […] Japanese financial services giant Orix is picking up a 5% stake in IL&FS Securities Services (ISSL) for Rs 36 crore. The stake purchase by the $8-billion Japanese company puts the enterprise value of ISSL at Rs 720 crore. ISSL was initially set up as a captive division within IL&FS to provide back office services. It was hived off as a separate wholly owned arm of IL&FS last year. […] Jet Airways, planning to launch the JetLite brand from mid-July 2007, is scouting for new investors, reports NDTV. Jet Airways after acquiring Air Sahara converted the airliner into a low-cost carrier under the brand JetLite. It is said that Temasek, Istithmar and TPG are the front runners to bag the deal. Jet may be willing to divest up to 25% stake in the airline and needs more than Rs 2 billion to revive the airline. […] Infrastructure Development Finance Company (IDFC) has hiked its stake in SSKI, a Mumbai-based privately held domestic corporate finance and institutional securities company from the current 33.33% to 66.67%. According to market talk, IDFC is said to have hiked its stake by shelling out Rs 150 crore. The company had bought the initial 33% stake in September 2006 for Rs 100 crore. Prior to the current deal, IDFC, Shripal Morakhia and employees held around 33% each in the brokerage entity. The development finally puts to rest all rumours related to the stake sale of Mr Morakhia, promoter of SSKI. Names of JM Financial and Reliance Money were also doing the rounds as potential acquirers. […] Cadila Healthcare Ltd has announced that its second overseas acquisition this year, the Company signed an agreement to acquire 100% stake in Quimica e Farmaceutica Nikkho do Brasil Ltda. (Nikkho), a mid-sized, privately held Company in Brazil. The Company is profit raking and had posted sales of US$ 26 mn for the Calendar Year 2006. The consideration paid represents sales multiple of around 1. […] Another round of consolidation in the aviation sector may not be far away. The Wadias who own GoAir are willing to offload upto 26% stake in the company and are evaluating proposals from FIIs, strategic investors and private equity players. […] Bank of India has signed the acquisition deed for acquiring 76% stake in PT Bank Swadesi, Indonesia. […] US-based scientific instruments maker PerkinElmer has acquired the 49% stake held by its Indian joint venture partner Labindia Instruments in PerkinElmer India for an undisclosed amount. The 51:49 joint venture was formed three years back and is believed to be clocking revenues of more than Rs 100 crore. PerkinElmer is engaged in the area of designing, manufacturing, marketing and servicing products and systems for life and analytical sciences and optoelectronics. […] |